Globetech Announces New Director


RICHMOND, British Columbia, Dec. 17, 2003 (PRIMEZONE) -- Globetech Ventures Corp. (the "Corporation") (OTCBB:GTVCF), is pleased to announce that Mr. Casey Forward has consented to join the Board of Directors. Mr. Forward is a Certified General Accountant and has been running an independent accountancy practice in Canada since 1990. He has worked for public companies in Canada, the United States and Great Britain. Mr. Forward brings a wealth of business experience to the Company and will be replacing Mr. James Diffendorfer as a director of the Corporation. The Board of Directors would like to thank Mr. Diffendorfer for his continued support and contribution to the Corporation for the past several years and sincerely wishes Mr. Diffendorfer every success in his future endeavors.

Legal Notice Regarding Forward Looking Statements

Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may," "will," "should," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" and similar expressions identify forward-looking statements.

It is important to note that the Corporation's actual outcomes may differ materially from those contained in the forward-looking statements contained in this press release. Although the Corporation believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures outlined in the Corporations public filings with the Securities and Exchange Commission.



            

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